Ann: Bunbury Demonstration Wave Energy Farm Update-POW.AX, page-22

Agree MStevensonAU

The announcements by SHE upto suspension were acurate and events occurred/happened according to these ann'ts.

Not so sinse relist.

A reminder of the announcement 2 May 2016

The bold is my doing as I believe they are key issues, ( obviously POW does also)

I know I have stated this before, but POW has paid $500,000 for this Wave Farm,

"One bouy is not a farm"

ProteanTM Pre‐deployment Preparation Completed Port of Bunbury Deployment Imminent

Following completion of pre‐deployment preparations, Protean Wave Energy Ltd (Protean or the Company) is pleased to confirm the imminent deployment of the first Protean Wave Energy Converter (WEC) buoy at Port of Bunbury (Western Australia). Deployment at Port of Bunbury is anticipated to take place in the coming days.

The multi‐buoy demonstration wave farm (Wave Farm) is a key step in the commercialisation of the ProteanTM technology and will be deployed progressively with Stage 1 consisting of 3 Protean WEC buoys (Stage 1).

The Wave Farm will be in operation for a maximum period ending 30 September 2016, during which time the Company will collect performance and environmental data. The performance data will be reviewed with a view to optimisation of the system design and refinement of the key inputs into a pre‐feasibility study (PFS). The PFS will target deployment of the Company’s first commercial pilot wave farm.